DelhiDesk India’s dependence on China for lithium, a key component in mobile-laptop, electric vehicles, and other chargeable batteries, is expected to reduce significantly with the discovery of a second lithium reserve in Rajasthan’s Degana town. India has been reliant on expensive foreign supplies and imported lithium worth more than INR 6,000 crore in 2020-21, with more than INR 3,500 crore-worth bought from China. The newly-discovered reserve in Rajasthan is believed to have a higher capacity than the one found in Jammu and Kashmir earlier this year, and around 80% of India’s total demand for lithium can be met from Rajasthan’s deposits. The metal is widely used to manufacture wind turbines, solar panels, and electric vehicles, making it a sought-after asset for countries undergoing a dynamic shift in energy transformation.

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Here is the news bullets sorted by team.

๐Ÿ‘‰ India’s second lithium reserve discovered in Rajasthan’s Degana town.
๐Ÿ‘‰ Dependence on China for manufacturing mobile-laptop, EV and other chargeable batteries to reduce significantly.
๐Ÿ‘‰ India imported lithium worth more than 6,000 crore in 2020-21, with more than 3,500 crore from China.
๐Ÿ‘‰ Capacity of lithium reserves in Rajasthan higher than those in Jammu and Kashmir.
๐Ÿ‘‰ Lithium is important for battery-powered devices and needed for wind turbines, solar panels, and electric vehicles.
๐Ÿ‘‰ Global demand for lithium metal expected to increase by 500 percent by 2050.
๐Ÿ‘‰ Lithium deposit found in Rajasthan will help India become self-sufficient in green energy.
๐Ÿ‘‰ The hill in Rajasthan, which supplied tungsten and contributed to the country’s economic growth for years, will now change with the newly-discovered lithium deposit.
๐Ÿ‘‰ India’s plan to increase EV penetration by 30 per cent by 2030 relies heavily on lithium.
๐Ÿ‘‰ India can become the world’s number one automobile manufacturer in the EV segment if it uses the lithium reserve.
๐Ÿ‘‰ India is the third largest vehicle market in 2022 after China and the USA, beating Japan.

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